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  #121 (permalink)  
Old 09-01-2015, 08:59 AM
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Originally Posted by Unregistered View Post
Isn't "monthly gross" just the monthly wage before minus employee CPF contribution?

Got people add employer contribution and bonuses to "monthly gross" one meh?

Gross Monthly Income From Work refers to income earned from employment.

For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and personal income tax. It comprises basic wages, overtime pay, commissions, tips, other allowances and one-twelfth of annual bonuses.

For self-employed persons, gross monthly income refers to the average monthly profits from their business, trade or profession (i.e. total receipts less business expenses incurred) before deduction of income tax.

Yes. I added all in for the computation.

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